Account Closed
Reasons deals are too good to be true?
I've been practicing analyzing deals found on Loopnet, and curious why certain properties are listed for months and some close to a year. Especially when the numbers APPEAR to work? The areas of interest are very popu...
Account Closed
Am I thinking about the tax benefits of renting real estate correctly?
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
Andy N.
How many checking accounts for your property?
I have a 48 unit property. I currently have two checking accounts. One is an operating account and the other is for deposits. I was curious how other operators manage cap ex reserves. Do you have these in a separa...
Chris L.
1031 and what happens if you buy 5 properties and sell one
Lets say you buy 5 properties using 1031 , when you go to sell do you have to sell them all at once? If not, how are taxes then taken out. Lets say the funds in the 1031 were 500k that I purchased 5 properties with ...
Jordan Hamilton
Need tax advise for my 2 STR recently cost seged
Hi everyone!Looking to connect with an experienced tax professional regarding filings for my 2 STR properties (Gatlinburg & Hollywood FL) which were both recently cost segregated. Essentially I am looking for a cl...
Lamont Johnson
Proof of funds question
What’s the route to go to obtain proof of funds and do u need a registered company attached
Andrew S.
Property Managegers: Quibble over maintenance override
I'm in a debate with my PM over the following scenario and I'm looking for some opinions.Tenants move out and property requires $500 in repairs (beyond wear and tear). PM has the work done and charges $500 against th...
John Bohannan
Househack capital gains
My wife and I have househacked our basement on-and-off for more than half of the five years we’ve lived at our home. Now it’s time to move. We may keep it as a rental. Or we may sell. The complications of capital gain...
Joe S.
Facebook does not have property address in it’s Mab system
So we have a property that we are looking to market. We tried to put it on the Facebook marketplace, but the address is so new that Facebook does not recognize the address and will not allow us to proceed. Has anyone...
AL Brown
Multi family purchase
I'm closing on a multi family (3-plex) next week Thursday. What are some of the major to-do items leading up to closing and after? I already will be getting all security deposit on hand, prorated amount from 6/2-6/30....